MUFG highlight both the Federal Open Market Committee (FOMC) minutes (July 31 meeting) due on Wednesday
1800 GMT / 1400 US Eastern time
And Federal Reserve Chair Powell speaking at Jackson Hole on Firday
1400 GMT / 1000 US Eastern time
MUFG flag the risk of lower US yields if the FOMC/Powel is/are dovish, could send the yen higher again. The minutes are expected to reveal more on the potential scale of a September rate cut. Ditto for Powell on Friday.
This article was written by Eamonn Sheridan at www.forexlive.com.
